mev.md

docs/mev.md

@@ -67,9 +67,9 @@ Bidding instructions from the `DutchTrade` contract:
 `DutchTrade` (relevant) interface:
 
 ```solidity
-function bid() external; // execute a bid at the current block number via transferFrom
+function bid() external; // execute a bid at the current block via transferFrom
 
-function bidWithCallback(bytes memory data) external; // execute a bid at the current block number with post-hook callback for transfer of tokens
+function bidWithCallback(bytes memory data) external; // execute a bid at the current block with post-hook callback for transfer of tokens
 
 function sell() external view returns (IERC20);
 
@@ -79,7 +79,7 @@ function status() external view returns (uint8); // 0: not_started, 1: active, 2
 
 function lot() external view returns (uint256); // {qSellTok} the number of tokens being sold
 
-function bidAmount(uint256 blockNumber) external view returns (uint256); // {qBuyTok} the number of tokens required to buy the lot, at a particular block number
+function bidAmount(uint48 timestamp) external view returns (uint256); // {qBuyTok} the number of tokens required to buy the lot, at a particular timestamp
 
 ```
 
@@ -93,7 +93,7 @@ OR
 
 1. Call `status()` view; the auction is ongoing if return value is 1
 2. Call `lot()` to see the number of tokens being sold
-3. Call `bidAmount()` to see the number of tokens required to buy the lot, at various block numbers
+3. Call `bidAmount()` to see the number of tokens required to buy the lot, at various timestamps
 4. After finding an attractive bidAmount, provide an approval for the `buy()` token. The spender should be the `DutchTrade` contract.
    **Note**: it is very important to set tight approvals! Do not set more than the `bidAmount()` for the desired bidding block else reorgs present risk.
 5. Wait until the desired block is reached (hopefully not in the first 40% of the auction)